Which of the following would cause the long run aggregate supply to decrease? O. A civil war in the country leads to destruction of property and loss of life. O. The Federal Reserve purchases $500 million in bonds from the banks. O. An unusually low temperatures in the midwest results in fewer crops than last year. O. A major breakthrough in extraction (fracking) leads to more efficient drilling of natural gas.

Which of the following would cause the long run aggregate supply to decrease? O. A civil war in the country leads to destruction of property and loss of life. O. The Federal Reserve purchases $500 million in bonds from the banks. O. An unusually low temperatures in the midwest results in fewer crops than last year. O. A major breakthrough in extraction (fracking) leads to more efficient drilling of natural gas.

Economics (MindTap Course List)

13th Edition

ISBN:9781337617383

Author:Roger A. Arnold

Publisher:Roger A. Arnold

Chapter8: Aggregate Demand And Aggregate Supply

Section: Chapter Questions

Problem 15QP

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